A joint contract is one in which:
A)not more than two parties can be involved.
B)parties promise to do their individual part of the performance.
C)parties are not collectively entitled to the performance of another party.
D)each obligor is bound for the performance of the entire obligation.

Question

A joint contract is one in which: ​
A)not more than two parties can be involved.
B)parties promise to do their individual part of the performance.
C)parties are not collectively entitled to the performance of another party.
D)each obligor is bound for the performance of the entire obligation.

Quizplus · Accepted Answer

In a joint contract, each obligor is responsible for the entire obligation, meaning that each party involved is bound to fulfill the whole contract, not just a portion of it. This contrasts with several contracts where parties have individual responsibilities.

A Joint Contract Is One in Which: ​

A Joint Contract Is One in Which: